Gambling tax form
The good news is that there are special forms for filling your tax return. The bad news is that just like evasion of “normal taxes” gambling tax evasion is also a criminal offense. But that goes without saying, right? So just do it.
Read further on exemptions below to see if you might (not) need to file a tax return.
At the end of this article we provide a link to the declaration form, which you can download, fill in and send. We can vividly imagine that someone who wins € 40 on a late Thursday evening does not feel like the hassle. That is your own responsibility. Again, in some cases you are entitled to an exemption. We will come back to that now.
“Yes! In a few cases you do not have to pay gambling tax. ”
This is for example if the amount of money you won is less than € 449. The exemption for an amount up to € 449 applies from 2015. In 2014 this was € 454.
You also do not have to file a declaration if the stake you have made per game of chance is more than the prize you won, or if this stake is just as high as the amount won. Incidentally, any costs you have incurred to participate in the game of chance in question are not included in the investment. So no receipt from taxi to the casino or trying to deduct your internet costs.
Finally, there is an exemption from tax if you have already paid a comparable tax abroad for winnings from foreign games of chance.
Here is the link for Dutch people to fill in the form.
Royal Ascot is right around the corner, but this year’s event will be unlike anything before it. The event is typically one of the biggest events on the British social calendar, but the closest that gamblers and fans will be able to get to the action this year is through their television screen.
There will be no fans in attendance for the huge week of racing, but that won’t stop gamblers picking their winners on the action.
One of the biggest races of the week will be the Group 1 Prince Of Wales’s Stakes, which is part of the British Champions Series. The lucrative race is open to horses aged four and over, and there will be a reported £148,000 for the winning trainer.
There have been some famous winners in this race, including Connaught, Mtoto and Muhtarram. But, will Japan be the next big name added to the esteemed winners of this Group 1?
All sportsbooks see Japan as the one to beat in this race, with some bookies offering prices of 5/4. The A P O’Brien trained horse will certainly be among the front runners, after tasting success at the royal meeting last year, and will be seen as one of Ryan Moore’s leading chances of the festival.
Japan has long been a popular selection among the punters, and with a festival success already under his belt, this four-year-old will be seen as not only the solid choice for this race but maybe one of the bankers for the entire festival.
However, there will still be some that doubt whether this distance is best for Japan. The Prince Of Wales’s Stakes is run over a mile and a furlong, while many of Japan’s previous successes have gone over one mile and four furlongs. Japan has had previous experience at running the shorter distance, after winning on all his races when aged two. However, last year Japan raced in two races at one mile and two-and-a-half furlongs, with mixed results.
He came fourth at York in May 2019, before winning at the same course in August of the same year. Japan is the quality horse in the field, which means it will be awfully difficult to bet against him.
Japan’s win will not be seen as a full-gone conclusion to all gamblers, as there could be potential further down in the market. One of the most exciting horses is one of the oldest runners in the race- Barney Roy. The six-year-old has established success over this distance, after previously winning over the same distance twice this calendar year.
Both wins came at Meydan, with the most recent win coming on the 7th March. Barney Roy won from Magic Lily on that occasion by a length and three quarters. Like Japan, Barney Roy is also a festival winner, having won the St James’s Palace Stakes in 2017. He will certainly be one that gamblers will be keeping an eye on.
There will also be intrigue around Headman. Roger Charlton trains this four-year-old, and he will come into this race having won in three of his previous four. Those three wins all came over a distance of one mile and two furlongs, which means he could present a stern challenge.
There is no doubting that Headman will be able to keep pace with the quality runners in this race, but he will need to improve on his run from last time out. Headman’s last run was a disappointment as he came fifth at Leopardstown. Gamblers will also be wary as Headman has never run at Ascot. Regardless, the four-year-old could present each-way value.
Here you have the top reasons why we bank Japan to win it all, but also the ones to look out for as contenders. If you fancy horse racing check out also the odds for the upcoming Kentucky Derby in September: https://www.twinspires.com/kentuckyderby/odds
Roulette is one of the most popular casino games in the world and makes up one of the ‘Big Four’ alongside blackjack, poker, and slots. A game that was invented in 18th century France, roulette has adapted to the times and continues to endure hundreds of years later.
So, to understand more about roulette, below is a complete guide to the game, including rules, popular beginner strategies, and how to maximize your chances of winning.
Roulette is a casino game that sees players place bets on a variety of numbered or colored variables on a spinning wheel. As the wheel consistently spins in one direction, the dealer spins a ball around the perimeter in the opposite direction. After a few moments, the ball eventually lands on one of the numbers. If your bet covers the number the ball lands on, you win.
A roulette table is numbered 1 to 36 and includes a single 0 in European Roulette and a double 0 in American Roulette. All the numbers are evenly divided into red and black – except for the zeros, which are typically green.
There are many betting options when playing roulette and these are split into two categories: outside bets and inside bets.
Outside bets pertain to the betting options that are found outside the roulette table, while inside bets mean bets that are placed on betting options inside the roulette table – or in other words, bets on numbers and number variations.
Outside bets comprise Red or Black; Low (1-18) or High (19-36); Even or Odd numbers; Dozen Bets, which involves betting on one of the three blocks comprising 12 numbers (1-12, 13-24, 25-36); Column Bets, where players bet on four grouped vertical numbers; and Row Bets, which allows bets to cover one or more of the three rows.
Inside Bets include single bets (betting on one number); split bets (involving two numbers); a street bet (three numbers in a horizontal line); square bet (four numbers grouped together in a square or corner); and six line (six consecutive numbers across two horizontal lines, also known as Double Street).
There are also three popular inside betting options involving zero: trio, which is a bet covering 0-1-2 or 0-2-3, while American Roulette offers the option of 00-2-3; First Four (0-2-3 which is only available on European Roulette); and basket (0-00-1-2-3 – American Roulette only).
While many roulette players often focus their strategies on either Outside or Inside bets, there is the option of combining both. This can increase your winnings, but also increase losses.
Straight off the bat, it is important to understand that there is no foolproof strategy to consistently win at roulette in the long-term. Otherwise everyone would have mastered the game and be multimillionaires! Any ‘expert’ that tries to claim they have the magic keys to unlocking roulette are simply not being truthful.
However, the best way to play roulette involves some basic strategies that can certainly help and at the very least, minimize major losses. While there is no fixed strategy to win, without any strategy, your chances of consistent losses are much higher. If you want to learn more about roulette strategy check out this useful guide on BetAmerica.com: https://extra.betamerica.com/casino/roulette/strategy/
The Martingale System: Perhaps the most famous roulette strategy and one that is easy to understand and replicate. It involves placing a first bet and if you lose that bet, you double the stake for the second bet. If you keep losing, you keep doubling the previous stake. If you win, then you pocket the winnings and bet again with the original stake. The Martingale System can require patience and a big budget as losing streaks can occur.
Avoid Zero: After playing a strategy that tilts the odds in your favour, it can feel like a gut punch when the ball lands on zero. However, for beginners it is encouraged to avoid zero altogether, even if it comes back to haunt you every now and then.
Three Column Betting: This strategy focuses on group betting of either small (1-12), middle (13-24) or large numbers (25-36), or on the three horizontal rows starting with 1, 2, or 3. By selecting one of the three groups, your odds of winning are 31.58 percent. Therefore, by selecting two columns, or groups, your odds go up to 63.2 percent, which is a common strategy, particularly for beginners.
Bond Strategy: A more advanced option, the Bond strategy involves spreading your bet over 31 of the 37 numbers to give yourself an 83.7 percent chance of winning. Do this by placing 55% of your stake on high (or low), 40% on the first third (or last third) and the remaining 5% on zero as insurance. The risks are low but so are the rewards.
Whichever strategies you choose to adopt, remember that roulette is meant to be a fun game. Therefore, always only bet with what you can afford to lose and set yourself clear limits, both in terms of losses and winnings.
Gambling, slot machines, tournaments, games and the mutual battle is very exciting for everyone. Some people like it better than others, but everyone wants to win. At many online casinos you play against “the computer”, but most of the time you play against other amplifiers. It is therefore not surprising that tournaments / competitions are being organized. Playing with only a computer can get boring at some point, so we are here to give you some tips and tricks. Maybe invite someone and create more interaction with people!
During these tournaments, playtime, points, player ranks and scores are considered. The game is to collect as many points as possible and eventually win the first prize. A tip from us: agree this (first) price well, so nobody will be disappointed later.
Do you often play (online) slots? Then it is certainly nice to challenge yourself, so it’s less one-sided. Ask some acquaintances, family of maybe even colleagues. If you master the game well, it is of course fun, but this can also make the other players less fun. In that case, the chances like slot tournaments can even be great for everyone. So win win.
You can still determine the prices yourself and play very wisely and enthusiastic, so you can take the first price home. Always make sure you play fair, because there is nothing more annoying than an opponent who is difficult or hard to trust. Playing the game with acquaintances is fun and together with that the rule applies: participating is more important than winning. Do you have a real winning mentality and do you know about yourself that you can not stand the loss? Then avoid these types of games and choose a safer way by, for example, taking an online drink, pub quiz (okay also a game) or other activity. Fortunately, when this time is over, it doesn’t even have to be done online anymore!
Two-thirds of all internet users have Google Chrome as their default web browser. Many reasons why there are so many people. We have listed some smart extensions for you!
We’ve listed 9 gaming tools to make online gaming even better (especially when more people are at home now).
To be honest, you don’t want everybody to see you are playing. There is nothing wrong with it, but you just want to keep control. Whatever your reason is to click to another screen when who ever is entering the room doesn’t matter, but there is a faster way. The Panicbutton is your lifesaver. It is a free tool and it hides your tabs within one simple button.
2. New Tab Page
With this extension you have a canvas to personalize every time you open a new tab. Arrange it your way, add shortcuts and use widgets. This gives you acces to all you favorite games at one glance.
3. Awesome screenshot
Did you have a huge win and wanted to share it, or maybe make a memory to stare at? You can make a screenshot with the screenshot extension. Next time you have the perfect spin you can make a shot with only one click.
We all have our habits and way of doing the things we do. If you are a multiple player it might be worth it to look at this extension. It sorts your most visited sites, based on your usability. Tip: this also works when you don’t want to forget certain bonuses on different sites.
6. Free password manager
Do you remember all the passwords, usernames and different sites you have? Probably not.. Many gamers are having many accounts and you don’t want to use the same password for every account. This extension let you collect all your usernames and passwords, so the only password you have to remember is the one from the extension
7. In the pocket
Ever found an article, but didn’t have the time to read? You thought you would remember it, but unfortunately your brain forgot the url. Pocket is the place to drop your articles, so you can read them later. You can also sinc it with your phone, tablet, laptop and desktop and there you go..
8. On time
Do you ever set a time when you are gambling? No? I could save you time, because before you know it you are spending hours and hours without knowing what time it is. Cool clock gives you reminders when it is time to play and when you have to quit. Never late on that meeting anymore!
9. Form recovery
Also tired of filling in the forms to make an account? We have the solution for you right here. Now you can fill in the form within just a second. It saves you time to play an extra game!
Hopefully those tips are useful and will improve your gambling skills! Take care and stay safe everyone.
Probably the one that comes to your mind at first, right? You see the cherries, big red number seven and the golden bell. And there is nothing weird about that, because yes they are the world’s most popular gambling games.
You start with pushing a button, pulling a handle or click on a certain ‘start’. These games are about winning a certain symbol. Or rather, a certain pattern in symbols. For example, if you have the same symbol three times, you win something. It then still depends on which icon it is and whether there are two or three next to each other in the right row.
Blackjack is game which you play with cards. It is you and the dealer (or some call it the house). The dealer pulls out two cards and gives two cards to the player. The dealer had one card up and one down. The player has to come as close to 21 as possible with his cards, but may not go over this. When the player uses his hand he quits. Now the dealer is turning the other card and the one who is as close to 21 wins.
Roulette is a game which is played with different possibilities. You have the numbers 0 – 36, even and odd, red and black, till 18, 18 and more, low, middle, high, 12 and first, second and third columns. You play on whatever you want with the coin(s) you want. Your coins will be placed on the bet you want and if all the coins are laying the dealer starts spinning the balls. The ball always turns clockwise. If the ball ends up in your figure, colour and / or other specifications you win. It depends on how many you got right and the money you have submitted.
We have collected some tips to play on slot machines which you could use when playing. No, we are not gonna say you will win everything when you read this, but it will help you.
Give yourself an amount and make sure that you also comply with the agreement that you make with yourself. By making the profit you should check yourself if it’s realistic and achievable, otherwise it is counterproductive.
We know; it sounds very attractive to pay for 250 of 500 plays and go do something else while you are playing, but you lose focus. Maybe you had the jackpot at 225 now you’ve lost it because you weren’t paying enough attention. You don’t want to take that risk, right?
Games like Mega Moolah and Divine Fortune provoke players with jackpots up to millions. It sounds very interesting and easy, but you have to watch out for your money. A big part (like 8%) is used to pay the jackpot. This is a lot and there is a little left to distribute among the players. The chance of winning the jackpot is nil and the chance of losing a lot of money is almost 100%.
Slot machines with a low variation are a threat to your balance. A low variation means a bigger chance to win something, but those prices are usually low and less than your bet. It seems like a fun game to play, but what happens is that you slowly spending your money without actually winning anything. You can compare it to go 3 steps forward and 4 steps back. With the medium slot machines you don’t win as much as the low ones, but when you win it is something worth it.
Compare two banks with each other. One with an interest of 1% and the other with 5%. Which one would you choose? Exactly, that’s what we thought, because a 4% difference is huge. However, most players don’t seem to look at the pay-out percentages of a slot machine.
It sounds very interesting; a nice budget on your account when you start playing, but it’s not what is seems like. If you want to win some you’d better refuse them. Nothing in this world is for free and certainly not money. The rule is mostly that you first have to win the budget a few times around before you get access to your money and when you win some you lose some. So you better start with nothing and end with a good price.
We see this more and more nowadays, the possibly to spin faster. This option makes you lose the focus which makes it hard to think down to earth. People get frustrated and handle from emotion instead of mind. Use your own spin speed and don’t let bad feelings ruin your game.
Our first tip was to set a goal. A goal could also be a time. If you still have some money, but it seems like an endless game you should also set a goal for the money you spend. Make sure you have a maximum budget to spend and our tip is to take the money in cash and don’t take your card. Maybe it won’t be a little harder to get a drink or snack, but you have to take that for granted.
A smart strategy to use when you play online. It is a way of playing and there is no better or worse scenario. The principle is you win and go on to the next game, because you spread your chances. Besides the hit and run strategy it is smart to spread your chances on different machines and not put all your eggs on one basket. There is no guarantee what will be better, but a least it makes the playing more fun.
Today we are starting a new chapter on love casino bonus. Why? Because we wanted to add some extra’s on our site to inform our customers, so we decided to start blogging. We like to inform you that we will start with one article a month. Gambling is fun, but there is also a theory to dive in to.
Today we start with some history. Some of you might think, ‘ ew boringgggg’ while other are willing to get to know the story behind, because we think it is very interesting.
Let’s start with 40.000 before Christ (yeah, long time ago) when there is a first evidence that people were gambling with sheep bones. In the time of the Romans were lotteries taking place in the Roman empire. In 1763 was the first Casino opened in Spa and 100 years later Monaco opened its first casino.
Since 1994 online gambling is orginated. A team of software developers made it possible to play online, but it was not as good as it is nowadays. Throughout the years people updated and improved the software to make it as fast and real possible as in a real casino. Success was reversed in 1999 when the United States intervened. They prohibited companies from offering their services online.
Australia went for a different approach and came up with a new law in 2000. This law started that unlicensed casinos were prohibited from offering their services online to anyone in Australia.
France has also opted to allow internet gambling, but at the same time to impose a pretty high tax on profits.
France also chose to regulate internet gambling and tax on winnings. The French government wisely decided that they would rather hand out permits to those who respect the public and social order, than banning 25,000 websites.
In the 21st century the online gambling world has developed further and has currently around 8 million users worldwide.
Most online casinos offer bonuses for players, which come in all shapes and sizes depending on your status as a new or returning player. Knowing precisely how to get ahold of a casino bonus, and what to look out for in the terms and conditions, can help you make the most of the hugely varied selection available online.
When considering what casino bonus to go with, there are a wealth of bonus structures to assess. Whether you are a returning player to your favourite casino or a new player looking for the best welcome bonus, all the top online casinoshave you covered. The following describes the most popular bonus structures players come across.
If you’re new to the world of online casinos or are simply looking for a new casino to play with, it’s extremely likely you’ve seen the word “Welcome Bonus” splattered all over the web. It seems every single online casino on the market offers what they call a Welcome Bonus to their new players.
These Welcome Bonuses are used to entice potential players to join the online casino, typically including a generous matched deposit bonus and even free spins some times. The structure for these bonuses is almost always a first deposit bonus scheme but some casinos offer unique welcome bonuses that include no deposit bonuses or tokens to be used within another product like poker or bingo.
Most new players are greeted with a First Deposit Bonus, a matched deposit bonus on your initial deposit to the casino, that either adds an amount equal to what you’ve paid into your account, or gives you back a percentage of your deposit. A 100% first deposit bonus, for example, means that if you transfer £/€ 20 into your account, the casino will match it 100%, adding in another £/€ 20 for you to play with.
Percentages vary and the amount of money you can deposit can be limited, so look out for good deals. One site might offer a 100% first deposit bonus up to £100, while other casinos tier their deposit matching schemes: some sites may offer a 100% matched deposit up to £50, or 50% up to £100, both of which would give you an extra £50.
Yes, returning players do get to enjoy bonuses from online casinos. Most returning player bonuses are matched deposits much like first deposit bonuses, but are sometimes smaller or accompanied by additional requirements. For example, you may need to wager a set sum on an upcoming event during a specific period of time to receive your bonus.
Casinos want to reward loyal customers as well as welcome new faces. By signing up for schemes like an online casino’s newsletter, you’ll be informed of special matched deposit bonuses. These may also be announced in the promotion section of websites or on banners at the top or bottom of the screen, so keep your eyes peeled next time you head back to your favourite casino.
Non-matched deposit bonuses offer a fixed reward, rather than a percentage of your deposit. It could be a simple cash reward, or it could be given in free spins, in which case the wager must usually be a specific amount. Odds may also be restricted for such bets; for example bonus sums might have to be wagered on a certain game or type of game.
In most instances, these deposit bonuses will only pay out your winnings, and not include the initial stake. So if you wagered a £25 bonus on your favourite slot title, the payout will just be the £25 win, and not include the original £25 stake.
Some casinos offer free spins on a specific slot game. These can reward deposit bonuses for first time players, but may also reward players who reach a set spend during a month or week. With free spin bonuses, it’s important to check not just how much you must deposit to get the free spins, but also the stake on each spin, as you’ll win a lot more if you’re playing £5 spins rather than £0.30 spins. Bear in mind that winnings from the free spins are commonly capped.
The holy grail of online casino bonuses, these are rare incentives that tend to be seasonal or limited rewards. A no deposit bonus is exactly that: a payment into your account without any deposit on your part. You may, however, be required to input a special offer code, or to have met gambling requirements in advance. For example, you may have to bet £5 per week over a set period to be eligible.
Yes, the terms and conditions heavily impact the actual value of a bonus. It’s a good idea to examine some of the fine print before committing to one particular bonus scheme. The main clauses to be aware of are: wagering requirements, time limits, weighted games and bonus limits.
When it comes to wagering requirements, you may have to spend a certain amount in the casino before being able to withdraw a bonus. Players are required to meet a certain wagering requirement prior to receiving any bonus so be sure to ensure you know how quickly the bonus can be used. These wagering requirements also may have to be met in a fixed period. If the requirement isn’t met within the time, the bonus will be revoked.
In some cases, bets might not count toward wagering requirements in full. For example, a £5 bonus used to bet on a slot may count as £5, but on a low house edge game like baccarat, it may count as just £1. Be sure to consider the weight of each game towards the bonus. To prevent abuse, bonuses may be limited to one per household or one per device. If you attempt to break these limits, you will have your bonus rescinded and possibly your account closed, even if it was an honest mistake.